Last mentioned: Feb 26, 2026
Indian Pivot Paused
Refiners in India hold the line on minimal Russian imports pending legal clarity from Washington.
SCOTUS Ruling
US Supreme Court issues a ruling challenging executive authority over specific trade tariff maneuvers.
Trade Deal Proposed
Trump administration offers tariff relief for India in exchange for halting Russian oil imports.
Import Surge
India begins massive ramp-up of discounted Russian oil purchases.
Indian refiners have restricted Russian oil imports to minimum levels following a US Supreme Court ruling that jeopardizes a proposed trade deal. The agreement intended to swap Indian tariff concessions for a total halt of Russian energy procurement, a strategy now in limbo.